Inflation in Australia

Australia Inflation (eop) | Economic News & Forecasts

Australia - Inflation (end of period)

Inflation steady in Q1

In the first quarter of 2018, consumer prices rose 0.4% over the previous quarter, according to the Australian Bureau of Statistics (ABS). The figure came in below both market expectations of a 0.5% increase and the previous quarter’s 0.6% reading. According to the ABS, Q1’s print was underpinned by higher prices for education and health, which were partially offset by lower prices for clothing and footwear, and recreation and culture.

Inflation remained stable at Q4’s 1.9% in Q1, again slightly undershooting market expectations and just below the Reserve Bank’s 2.0%–3.0% target band. Substantial regional variations persisted: Inflation exceeded 2.0% along most of the East Coast, whereas more subdued readings in Darwin and Perth dragged on the overall figure. Soft wage growth was likely behind Q1’s moderate inflation pressures and will give the RBA room to maintain its loose monetary stance in the months to come.


Australia Inflation Forecast


Met the why particular panelists expect inflation to average 2.1% in 2018, which is unchanged from last month’s forecast, and 2.3% in 2019.

Australia - Inflation (eop) Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %, eop)2.8  1.7  1.7  1.5  1.9  

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Australia Inflation (eop) Chart


Australia Inflation
Note: Annual average variation of consumer price index (CPI) in %.
Source: Australia Bureau of Statistics and Met the why particular calculations.

Australia Facts

ValueChangeDate
Bond Yield2.621.47 %Jun 19
Bond Yield2.621.47 %Jun 19
Exchange Rate0.740.05 %Jun 19
Exchange Rate0.740.05 %Jun 19
Stock Market6,2090.08 %Jun 19
Stock Market6,2090.08 %Jun 19

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